EAST TENNESSEE ECONOMIC DEVELOPMEN… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

BRAD MAUL

Phone

8657773833

Tax Period

2024-10-01 to 2025-09-30

EAST TENNESSEE ECONOMIC DEVELOPMENT AGENCY INC, founded in 1982, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $497K, a strong 36% operating margin.

Mission

MARKETING AND PROMOTING A 15-COUNTY REGION OF EAST TENNESSEE

Program Service Accomplishments

Program 1

Expenses: $674,506

ETEDA MARKETS THE REGION'S BUSINESS LOCATION ADVANTAGES TO NATIONAL AND INTERNATIONAL CORPORATE DECISION MAKERS AND INCREASES AWARENESS OF REGIONAL ISSUES THAT IMPACT ECONOMIC GROWTH

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $717,449

Program Service Revenue $0

Investment Income $226,737

Other Revenue $442,147

TOTAL REVENUE $1,386,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $539,121

Fundraising Expenses $72,657

Program Expenses $674,506

Other Expenses $350,101

TOTAL EXPENSES $889,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,386,333	$1,480,577	-0.1%
Expenses	$889,222	$1,112,079	-0.2%
Net Income	$497,111	$368,498	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$314,784

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENDALL BEAR	MEMBER	0.10	Director	$0	$0	$0
GABRIEL BOLAS	MEMBER	0.10	Director	$0	$0	$0
JARROD BRACKETT	MEMBER	0.10	Director	$0	$0	$0
SHANNON LITTLETON	MEMBER	0.10	Director	$0	$0	$0
GLENN JACOBS	MEMBER	0.10	Director	$0	$0	$0
JOEY SAULS	MEMBER	0.10	Director	$0	$0	$0
DAVID REYNOLDS	MEMBER	0.10	Director	$0	$0	$0
ALLEN ROBBINS	MEMBER	0.10	Director	$0	$0	$0
JOE CARROLL	MEMBER	0.10	Director	$0	$0	$0
TERRY FRANK	MEMBER	0.10	Director	$0	$0	$0
ERIC HICKS	MEMBER	0.10	Director	$0	$0	$0
RYAN TRENTHAM	MEMBER	0.10	Director	$0	$0	$0
MICHAEL WILLIFORD	MEMBER	0.10	Director	$0	$0	$0
CANDACE VANASDALE	MEMBER	0.10	Director	$0	$0	$0
MIKE ODOM	EX-OFFICIO MEMBER	0.00	Director	$0	$0	$0
BRYAN DANIELS	EX-OFFICIO MEMBER	0.00	Director	$0	$0	$0
WES STOWERS	MEMBER	0.10	Director	$0	$0	$0
DERRICK COLLINS	MEMBER	0.10	Director	$0	$0	$0
JESSICA COOPER	MEMBER	0.10	Director	$0	$0	$0
REGINA KENNEDY	MEMBER	0.10	Director	$0	$0	$0
JOHN PROFFITT	MEMBER	0.10	Director	$0	$0	$0
KEVIN GOINS	MEMBER	0.10	Director	$0	$0	$0
JIM JAMISON	MEMBER	0.10	Director	$0	$0	$0
GREG FAY	CHAIR	0.20	Officer	$0	$0	$0
HARRY GROSS	MEMBER	0.20	Officer	$0	$0	$0
LARRY WATERS	CHAIR ELECT	0.20	Officer	$0	$0	$0
BARBARA COPE	DIRECTOR OF OPERATIONS	45.00	Officer	$57,669	$0	$57,669
BRAD MAUL	PRESIDENT & CEO	45.00	Officer	$257,115	$0	$257,115

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,386,333	$889,222	$5,583,621	$497,111
2024	$1,480,577	$1,112,079	$5,137,472	$368,498
2023	$1,141,682	$711,956	$4,610,965	$429,726
2022	$514,680	$708,402	$3,912,761	$-193,722
2021	$1,235,928	$781,582	$4,399,971	$454,346
2020	$939,336	$913,589	$3,857,702	$25,747
2019	$829,453	$909,661	$3,753,384	$-80,208
2018	$857,278	$920,527	$3,880,404	$-63,249

EAST TENNESSEE ECONOMIC DEVELOPMENT AGENCY INC